Gold Mines For Sale

Green Gold

GREEN GOLD MINE

The Green Gold mining claim consists of one (1) unpatented lode claim covering 20.66 acres on federal land managed by the U.S. Bureau of Land Management.  The claim covers a former producing gold-silver mine in the Rawhide Mining District in Mineral County, Nevada.

The claim has two shafts, two adits, multiple prospect pits, and tailings.

Green Gold is 3.2 miles from the Denton-Rawhide Mine, a large open pit mine operated by Kennecott and Pacific Rim from the 1980’s to 2002.  Since 1990 over 1.96 million gold equivalent ounces have been produced.  Current production is about 35,000 gold ounces per year.  The mine is currently operated by a private company, Rawhide Mining LLC.

The Rawhide District was one of the most famous mining booms of the early 20th century along with Tonopah, Goldfield, Bullfrog, Rhyolite and others.  Over 50,000 ounces of gold and 750,000 ounces of silver was mined at Rawhide during the boom years.

Location and Access: From Hawthorne, Nevada use Bonanza Road to get onto NV-839 heading north.  drive .75 miles and then take a left on a county access road heading parallel to the mountain range.  Drive 3.6 miles then take a right at a jeep trail / road that goes directly to the claim (another 0.55 miles).  Hawthorne, Nevada is 1.5 hours from Tonopah and 3 hours from Reno on the US 95.

GPS Coordinates:  Lat: 39.057187° Long: -118.371550° (Green Gold Main Adit).

Mining and Exploration Potential:  The Green Gold claim is to the northeast of the main Rawhide District in carbonate (limestone) host rocks.

Deposits in this part of the district are found on the contacts between limestones and granites.

Several small mines were in production on these contact veins when they were closed in 1942 for World War II.

Grades of nearby mines were up to 2.8 ounce per ton gold and 20 ounces per ton silver.

There are multiple adits and veins to prospect.   There are tailings and dumps near some of the larger workings with examples of the vein material the old-timers were after.

There are gold / silver veins on the claim as well as scheelite tungsten prospects.

There is intense alteration at the old workings which expose mineralized structures.  There are good prospects for additional discoveries in and near the old workings.

Trenching and exploratory pits have developed some vein targets that should be an early priority for sampling and mapping.

There is the opportunity both for a small hardrock mine and a larger exploration play.

Rawhide District:  Prospecting and mining in the district probably started in the 1870’s, but the first serious discovery was in 1906.  A series of narrow veins with spectacular grades were discovered generating interest in the District.  Several well-known mining promoters from Goldfield advertised Rawhide as the ‘greatest gold camp in the world’.  Mining men and prospectors flocked to the area and Rawhide had a population of 8,000 people by 1908.  Three stamp mills were built and the mines soon got into production.  The mines produced about $1.5 million dollars, but compared to the hype this was disappointing.  The mines were operated mostly by leasors during the main period of activity from 1906 to 1920.

The boom cooled and the activity died down to a few lessors.  However, in 1930 the Nevada Scheelite mine was discovered.  This was one of the premier tungsten producers in Nevada and generated $12 million in tungsten production until the 1950’s.  Tungsten production overshadowed gold production from the district.

During the 1960’s there was renewed interest in the low grade ore in the district and the placer deposits to the southwest of the old town of Rawhide.  A resource of 3,600,000 cubic yards of material that averaged $1.10 (1960 dollars) was established by Yuba Consolidated Mining Company, a large placer mining company.

The District was explored by a Getty-Homestake joint venture in the 1970’s.

In the 1980’s Kennecott developed reserves of 1 million ounces of gold.  The mine was put into production beginning in 1990.  Kennecott closed the mine until the early 2000’s.  It was subsequently sold and reopened by a new owner.  It is currently in production.

Regional Geology: The Green Gold Mine is located in the Walker Lane mineral belt which is part of the Basin and Range physiographic province.  The Basin and Range province covers most of Nevada and consists of narrow NE trending mountain ranges between flat, arid valleys and basins.

The Walker Lane mineral belt is an area with a high density of parallel strike-slip faults extending from Reno to Las Vegas roughly along the California- Nevada border.  Faulting and volcanic activity make the Walker Lane favorable for hosting gold and silver deposits including some of the most famous precious metal mining districts in the US including the Comstock, Goldfield, Tonopah, Bullfrog, Mineral Ridge, and Round Mountain.

Local Geology:  The Rawhide District is at the SW end of the Sand Springs Range near the northern border of Mineral County.

The Green Gold claim is in carbonates and metasediments surrounded by ash flow tuff.  The veins in this part of the district are on contacts between limestones and granites (dikes or small intrusives).

The claim is 1.6 miles from the central rhyolite formation of the Rawhide District that hosted most of the mines.

The gold mines in the main Rawhide District were in kaolinized rhyolite in seams and fissures.   Veins in the central Rawhide District would be 4 to 30 feet wide.  Average milling grades were about 1 ounce per ton gold equivalent.  However, the District was known for pockets of extremely high grade material that would contain 1,000 ounces or more.

The Denton-Rawhide large, low grade ore body is in volcanic tuffs and kaolinized rhyolites.

To the south of the main Rawhide District there are both gold and tungsten placer deposits.

To the southeast is a felsic intrusive of Miocene age.    This is where the Nevada Scheelite Mine (tungsten) is located.  This was one of the largest tungsten mines in the United States.

The District is surrounded by alkali flats.  Historical drilling in the flats confirms that mineralized granites occur as shallow as 80 feet.

Although many of the alkali flats in Nevada are currently staked for lithium, there may be gold / silver potential in the flats areas.

Available Reports:

Bates, James A., ‘Report on the Rawhide Lode – Placer Deposits in Mineral County, Nevada,’ Watts Griffis, and McOuat Limited, 1967.

Ross, D.C., ‘Geology and Mineral Deposits of Mineral County’, Nevada, Nevada Bureau of Mines and Geology, 1961.

Tingley, J.V., Rawhide District Summary Report, Nevada Bureau of Mines and Geology, 1983.

Whidden, R.H., ‘Desparado Project”, Rawhide Mines, Inc., Private Report, 1980.

Whytock, P.R, ‘Rawhide, Its Past, Present and Future,’ Excerpt from Mining World, July 1910.

FAQ

Why Nevada?

Nevada is consistently ranked as one of the top mining jurisdictions in the world for being mining-friendly and continuing to produce major discoveries.  If Nevada was a country it would be the 5th largest gold producer in the world (after Australia, Canada, China, and Russia).  Nevada is home to the Carlin Trend, the Cortez Trend, the Walker Lane Trend, the Getchell Trend and many other prolific gold producing regions.  In addition to gold Nevada also has major mines producing silver, copper, lithium, iron ore, magnesium, gems and many other minerals.   Nevada is 85% owned by the federal government and most of this land is available for claim staking.  This means some of the best mining ground in the world is open to small prospectors – a very unique situation.   There are many mining companies active in Nevada and therefore, multiple potential buyers for any discovery you make.  Canadian based junior exploration companies are particularly active in Nevada.

 Why Buy a Claim?

Buying a claim is a great way to get started in mining and prospecting.  Buying a claim that is professionally staked reduces your upfront work and the risk of making a mistake on your paperwork or in the field.  Our claims are in areas with historical mining activity and most have numerous pits, shafts, and adits to explore.  Finding these claims takes lots of research that is already done for you.  The best place to find gold is where people have already found it!

Why Us?

I have been working in mineral exploration in the southwestern United States and Alaska for 17 years.  I have co-founded four junior mining companies and managed numerous drilling and exploration projects.  I have worked with large and small mining companies and know what types of projects they are looking for that can be advanced by small prospectors.  I have also worked on small hardrock production projects.  I usually try to find claims that have known high grade veins that can be produced and that also have some exploration upside.  We stand by our claims and fix any problems that come up.  We can also help you with your annual filings.  All our claims have a BLM serial number and can be found on the U.S. BLM MLRS website database.   We hire the same professional claim staking companies that the large mining companies hire and all the claims have professionally drafted and accurate maps.

How is ownership of the claim transferred?

Ownership of mining claims is transferred with a Quit Claim Deed which we prepare.  We pay all claim transfer fees and file the claim transfer paperwork with the BLM and Mineral County.  The BLM takes about 2-3 weeks to process the claim transfer (Quit Claim) and register the claim in your name.  The Mineral County Recorder usually take 1-2 weeks to return the recorded Quit Claim Deed.  Once the transfer is complete we will send you all the original documents including the file stamped Quit Claim Deed, the original location notices and claim maps.

How Much are the Annual Claim Fees?

The BLM charges a $165 per claim annual maintenance fee which is due on September 1st each year.  The BLM fees can be paid online through their claim management portal.  Mineral County requires that a Notice of Intent to Hold form is filed the first year by Nov 1st along with payment of the recording fee of $10 plus $12 per claim.

If you own less than 10 mining claims you can qualify for a waiver of the annual maintenance fee by filing a Small Miner’s Waiver.  However, the Small Miner’s Waiver requires that you perform $100 in labor or improvements on the claim each year.

Claim fees for the 2022-23 assessment year have been paid.

International Buyers

International buyers must either have dual US citizenship and US address or have a US entity or company to own the claim.  We can hold your claim in trust until you set up an appropriate US entity.